Is Aksarben / Elmwood, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aksarben / Elmwood is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Aksarben / Elmwood has remained a Seller's Market.

Key Takeaway

Aksarben / Elmwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aksarben / Elmwood, NE

How much do homes in Aksarben / Elmwood, NE cost?

Median Sold Price

$265,000

$217/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$20,000(+8.2%)

Key Takeaway

Homes in Aksarben / Elmwood have sold for 8.2% more than they did a month ago.

Summary: The median home sold price in Aksarben / Elmwood was $265,000 in October 2024, up 8.2% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $230K-
N/A
2 -$260K
N/A
3 $255K$305.5K
+19.8%
4 --
N/A
5+ --
N/A

Summary: Aksarben / Elmwood housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Aksarben / Elmwood
+8.2%
South Omaha
+2.2%
Midtown Omaha
-2.2%
Morton Meadows
-21.0%

Housing Supply in Aksarben / Elmwood, NE

How many homes are available in Aksarben / Elmwood, NE?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2126+23.8%

Summary: The Aksarben / Elmwood real estate market had 26 homes for sale in October 2024, a 23.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 610
+66.7%
3 1312
-7.7%
4 02
+100.0%
5+ 12
+100.0%

Summary: The Aksarben / Elmwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aksarben / Elmwood, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Aksarben / Elmwood in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.

Days on Market for Aksarben / Elmwood, NE

How long does it take to sell a home in Aksarben / Elmwood, NE?

Average Sale Time

Sep 2024Oct 2024CHANGE
9 Days9 Days+9.9%

Summary: Homes in Aksarben / Elmwood had an average of 9 days on market in Oct 2024, up by 9.9% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aksarben / Elmwood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Aksarben / Elmwood; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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